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Montana Weekly Livestock Auction Summary

Archived Report

8/7/2021

Total Run: 4,869

Market Notes

Compared to last week: Steers calves were too lightly tested to develop an accurate market trend, however higher undertones were noticed on a higher quality offering this week. Yearling steers were too lightly tested last week to develop an accurate market trend, however higher undertones were notices on all offerings, with the biggest gains noticed on steers over 900 lbs. Heifer calves sold mostly 7.00-10.00 higher in a narrow comparison. Quality this week was more attractive than last and buyers had more offerings to work with. Yearling heifers all sold steady to 2.00 higher. Yearling heifers were of mostly average to very attractive quality this week with many selling out of rancher's replacements. Ranchers continue to offer to abort these heifers at their expense if buyers want to feed them. All heifers were purchased to feed again this week. CME positions continue to push higher with the nearby August contract closing at 159.85 on Friday and the September closing at 163.325, the October closed at 165.775. Market activity this week was mostly active. Weigh up cows continue to sell on very good demand. A 3 way race to purchase cows is being seen as packers, feeding cow buyers and buyers looking for replacement cattle all fought to secure offerings this week. Slaughter cows sold generally steady to firm, with the exception of fleshy breaking cows, which sold steady to 3.00 higher. Feeding cows sold steady to 1.00 higher with only very high quality cows seeing the price advance. Slaughter bulls sold mostly 1.00 higher, however high dressing bulls sold with a larger advance, with most selling 2.00-3.00 higher. Demand for replacement stock was stronger this week as buyers searched for cows that might be bred which were being sold as weigh ups. Demand for cow-calf pairs and bred cows was also stronger this week. Young age cows suitable to feed or rebreed sold steady in a narrow comparison. Demand for rebreed offerings was moderate this week.

Supply included: 44% Feeder Cattle (31% Steers, 2% Dairy Steers, 64% Heifers, 3% Bulls); 32% Slaughter Cattle (77% Cows, 23% Bulls); 24% Replacement Cattle (22% Stock Cows, 27% Bred Cows, 14% Bred Heifers, 37% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 73%.

LIVESTOCK SUMMARY Current Week Last Reported 7/26/2021 Last Year Total Receipts: 4,869 2,747 0 Feeder Cattle: 2,135(43.8%) 1,243(45.2%) 0(0.0%) Slaughter Cattle: 1,572(32.3%) 972(35.4%) 0(0.0%) Replacement Cattle: 1,162(23.9%) 532(19.4%) 0(0.0%)

Feeder Steers

Weight Min Avg Max Approx*
200-300 187.5 194 188 $485
300-400 177.5 183 188 $641
400-500 160 174 180 $782
500-600 $--
600-700 171 175 183 $1,139
700-800 158.5 166 174 $1,242

Feeder Heifers

Weight Min Avg Max Approx*
200-300 $--
300-400 155 159 0.0000 $556
400-500 150 158 159.5 $709
500-600 148 151 151.5 $828
600-700 151 155 156.5 $1,008
700-800 144 152 157.5 $1,144

*Approx is the middle weight of the weight group multiplied by the mid point of the high and low for the group. It's meant as a quick method to see what cattle of that weight class are bringing per head.

Cows & Bulls

Type Min Avg Max
Slaughter Bulls $83 $87 $92

Total Run

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